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Market Research Report
Middle East and Africa Animal Genetics Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Products, Genetic Material, Service |
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| Published by | The Insight Partners | Product code | 1001463 | ||||
| Published | Content info | 100 Pages Delivery time: 1-2 business days |
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| Middle East and Africa Animal Genetics Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Products, Genetic Material, Service | ||
| Published: April 8, 2021 | Content info: 100 Pages |
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The Middle East and Africa animal genetics market is expected to reach US$ 302.04 million in 2027 from US$ 219.55 million in 2019. The market is estimated to grow with a CAGR of 4.2% from 2020 to 2027.
The growth of this market is attributed to the factors such as the growing adoption of progressive genetic practices like embryo transfer and artificial insemination, and a high rise in innovations in phenotyping services. However, the market is expected to experience slow growth during the forecast period owing to the stringent regulations regarding animal breeding programs.
A rising focus on developing superior animal breeds using genetic engineering to obtain high reproduction rates for large-scale production of modified breeds is expected to drive the animal genetics market during the forecast period. Animal genetics emphasizes the inheritance and genetic variations in wild and domestic animals. This science is used commercially for services such as testing genetic disorders, screening genetic traits, and typing DNA. For identifying genetic hybridizations, animal genetics uses various genetic practices, such as artificial insemination, embryo transfer, and cytological studies. Moreover, artificial insemination (AI) can reduce various risks involved in animal breeding and disease transmission. It is found that female offspring cattle born through artificial insemination yield more milk than normal offspring. Additionally, the use of antibiotic-containing semen extensors is effective in preventing bacterial infectious diseases. Therefore, the entire AI process is considered more hygienic than natural mating.
Moreover, cattle breeding companies in the countries rest of Middle East and Africa are further boosting the market. For instance, SION is among Israel's leading companies that deals with the artificial insemination and breeding of dairy cows. The company inseminates about 95% of all dairy cows in Israel. Thus, the presence of players offering products and services related, the development and innovation of animal genetics, in various countries of the region is further likely to support the market's overall growth.
The lockdown in major countries has affected the supply of domestic food and other goods and services. The countries are facing a shortage of food supplies, and especially livestock related business is highly affected. The countries in the Middle East consume beef largely and are the largest exporters for beef and pork. The lockdown has also affected the travel business, thus, imports and exports are highly affected. The countries are the largest producers of dairy products; therefore, supplies for the nutrition feeds, and additives for animals are falling short. Thus, the animal genetics market is moderately affected in these regions.
Based on product, the Middle East and Africa animal genetics market is segmented into poultry, porcine, bovine, canine, and others. The porcine segment held the largest market share in 2019 and is anticipated to register the highest CAGR in the market during the forecast period.
Based on genetic material, the Middle East and Africa animal genetics market is segmented into semen and embryo. The embryo segment held a larger market share in 2019, whereas the semen segment is anticipated to register a higher CAGR in the market during the forecast period.
Based on service, the Middle East and Africa animal genetics market is segmented into DNA typing, genetic trait tests, genetic disease tests, and others. The DNA typing segment held the largest market share in 2019, whereas the genetic disease tests segment is anticipated to register the highest CAGR in the market during the forecast period.
A few of the primary and secondary sources referred to while preparing the report on the Middle East and Africa animal genetics market are the Commission on Genetic Resources for Food and Agriculture (CGRFA), Arab Authority for Agricultural Investment and Development (AAAID), among others.
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